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Should I invest in another property?
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adrianmark
Posts: 2 Newbie
Please hope someone can help with my situation:
I have a GBP189,000 mortgage which I plan to pay off over the next 10 years through renting out my flat.
I also have GBP 100,000 in the bank that I could either pay towards my mortgage or invest it into a brand new build project which will take 12 months to build.
Should I pump the money into the mortgage or the brand new build?
Really hope someone can help.
Many thanks
I have a GBP189,000 mortgage which I plan to pay off over the next 10 years through renting out my flat.
I also have GBP 100,000 in the bank that I could either pay towards my mortgage or invest it into a brand new build project which will take 12 months to build.
Should I pump the money into the mortgage or the brand new build?
Really hope someone can help.
Many thanks
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